Digitise client onboarding (KYC); monitor ongoing customer behaviour & financial crime risk in real time; comply with AML/CFT.
The banking industry faces complex challenges to combat money laundering and terrorist financing:
- Creating a holistic view of customer risk across multiple, diverse products
- Implementing a risk-based approach whilst limited by legacy technology/data solutions
- Focusing compliance teams on taking decisions while being swamped with lots of manual work
- Understanding how to benefit from industry and technology developments, e.g. Open Banking APIs, SaaS
We can help institutions across the banking sector:
- Retail Banks
- Building Societies
- Private Banks
- Commercial Banks
- Investment Banks
- Challenger Banks
- Consumer, High Net Worth Individuals, Corporate, Merchant and Correspondent Banking Services
Get it done, the right way:
Onboard customers quickly, safely and cost effectively:
- AML screening for Sanctions, Watchlists, PEPs and Adverse Media
- Research Portal for Enhanced Due Diligence investigations into Customer & Third Party risk
- KYC Identity and Verification checks for individuals
Monitor risk throughout the customer life cycle:
- Proactive AML Monitoring and Alerts or Periodic Rescreening
- AML Transaction Screening (Sender, Beneficiary, Bank, Reference Text, etc.)
- Transaction Monitoring to identify Suspicious Behaviour in Real-Time and/or Retrospectively
- Blacklist Screening against internal lists and lists from industry peers
- Fraud Monitoring for Onboarding and Payments risk using custom fraud matrices
Automate via REST API/batch file upload or conduct manual investigations in web platform
Manage Vendor & Third Party onboarding & monitoring
Also built for:
Banking
Digitise client onboarding (KYC/KYB); monitor ongoing customer behaviour & financial crime risk in real time; comply with AML/CFT.
Payments
Safely automate client onboarding (KYC/KYB) & ongoing customer monitoring of behaviour & financial crime risk; comply with AML/CFT.
Lending
Understand the AML, CFT, fraud and reputational risk of your borrowers at onboarding plus ongoing monitoring.
Investment
Enhance client onboarding (KYC/KYB) & ongoing monitoring; improve effectiveness & efficiency of AML/CFT processes.
Gambling & Gaming
Safely automate client onboarding (KYC/KYB) & ongoing monitoring of financial crime risk; comply with AML/CFT.
Regulated &
High-Risk
Corporates
AML, CFT, Anti-Bribery & Corruption (ABC) solutions for Legal Firms, Accountants, Estate Agents, Luxury Goods, Import & Export, Oil & Gas, Postal Services and more.
Trusts & Corporate Service Providers
Conduct deeper due diligence to understand client AML & CFT risk at onboarding plus ongoing monitoring.
Insurance
Improve efficiency & effectiveness of client AML screening, monitoring & claims investigation.